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Bermuda’s first digital bank may already be on the cards, with the Government welcoming the first formal bid. The application submitted to the Bermuda Monetary Authority proposes a bank serving digital-asset businesses and institutions globally from ...

Bermuda’s regulators “get it” when it comes to understanding the future of digital technologies and specifically fintech opportunities. This was the view of Appleby partner Jerome Wilson during the opening day of the virtual Bermuda Tech Summit, host...

Bermuda-based fintech operation 24 Exchange has filed key portions of a Form 1 application in draft form with the US Securities and Exchange Commission for a licence to operate a national securities exchange. 24 Exchange, the only global platform off...

Diamond coins issued in an offering regulated by the Bermuda Monetary Authority have increased in value dramatically since their $25 million IPO in March. About 5,000 Diamond Standard Coins were sold in the IPO for $5,000 each. The coins are now valu...

A Bermuda-based fintech company has completed its first physical cryptocurrency trade on 24 Exchange, its institutional grade trading platform. 24 Exchange Bermuda Limited said the trade makes it the only global platform offering both crypto and FX t...

Bermuda-headquartered investment management firm DigitalArray ISAC Ltd has announced the inception of its DigitalArray fund platform. The company said the platform enables select investment firms in the digital asset space to launch new funds quickly...

Young Bermuda talent is being invited to join a company building the next generation of cyber reinsurance products. A UK company with its underwriting based on the island is expecting that new investment will facilitate an expansion of their Bermuda ...

A former employee of the Accountant General’s department in Bermuda has been appointed chief financial officer of a Toronto-based fintech company. Steve Fray worked as a senior accounting manager in the department from 2008 until 2011. He has joined ...

A group of companies that operated the BitMEX crypto exchange will pay $100 million to settle allegations that they allowed years of illegal trades and violated anti-money laundering rules, resolving one of the first big cases in an emerging US crack...

A fintech company whose authorisation to offer digital coins from Bermuda was hailed as “the start of a new era for Bermuda” has settled allegations of securities fraud. Uulala Inc and two senior executives were charged in a California US District C...

24 Exchange Bermuda Ltd has acquired New York-based technology and service provider 11B Technologies. The Bermuda-based company operates the multi-asset class trading platform, 24 Exchange. Dmitri Galinov, chief executive officer and founder of 24 Ex...

An award-winning cryptocurrency trading company has been granted a Class T operating licence by the Bermuda Monetary Authority. The licence issued under the Digital Asset Business Act allows 24 Exchange Bermuda Ltd to operate as a digital asset excha...